Design in India or lose subsidy, IT & electronic minister Ashwini Vaishnaw tells electronics companies | India News


Design in India or lose subsidy, IT & electronic minister Ashwini Vaishnaw tells electronics companies

NEW DELHI: The government has drawn a hard line under its electronics push, pairing fresh approvals worth thousands of crores with a blunt warning — subsidies will not flow to companies that treat India as a factory floor without building design muscle.Signalling a shift from scale to strategic value, Union IT minister Ashwini Vaishnaw on Monday said firms under the Electronics Components Manufacturing Scheme must embed design, quality and engineering in India or risk losing support. The warning comes alongside a fresh set of approvals that underline the scheme’s scale. The ministry has cleared 29 new projects involving Rs 7,104 crore investment, taking total approvals to Rs 61,671 crore — surpassing the initial Rs 59,350 crore target.Vaishnaw flagged gaps in industry response. “Real value gets captured only if design is done in India,” he said, adding that the incentives will be tied to deeper technological capabilities.



Source link

  • Related Posts

    154.2 kmph! Ashok Sharma fires the fastest delivery of IPL 2026 | Cricket News

    NEW DELHI: A young fast bowler stole the spotlight in the IPL 2026 clash between Gujarat Titans and Rajasthan Royals, not just for his performance but for sheer pace. Ashok…

    IPL 2026: Tushar Deshpande defends 11 in final over as Royals beat Titans by six runs | Cricket News

    Tushar Deshpande (PTI Photo) NEW DELHI: Rajasthan Royals pulled off a thrilling win over Gujarat Titans in a high-scoring IPL 2026 clash, with the match going right down to the…

    प्रातिक्रिया दे

    आपका ईमेल पता प्रकाशित नहीं किया जाएगा. आवश्यक फ़ील्ड चिह्नित हैं *

    hi_INहिन्दी